Software law key to company's growth in recent years, Microsoft says

- Tuesday, December 27, 2011

Software law key to company's growth in recent years, Microsoft says

A significant portion of Microsoft Argentina's growth in recent years was due to implementation of the national software law, local newspaper La Nación reported company CEO Sandra Yachelini as saying.

The country's software law, approved by congress in 2004, offers tax breaks to exporters.

The executive said the law enabled local software companies to expand exports, as well as driving employment in the software and IT services market.

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Argentine software and IT firms expect to bill US$3.1bn this year, up 23.9%, according to previous reports from local software chamber Cessi.

Cessi believes tailored software development accounts for 36% of total revenues.

Software and IT exports this year are expected to reach US$747mn, climbing 16.5%.